Crypto’s Good Year Continues as Dragon Boat Festival is Celebrated
The first half of 2019 has seen great progress in terms of development tools, products, and innovations for all things blockchain.
As ZB.com and the ZB family celebrate the annual Dragon Boat Festival, we want to take a moment to thank you, the users of our platform, for your continued support. The ancient holiday is rooted in Confucian principles of filial piety, or dedicated loyalty to one’s parents. Around the office we shared a chuckle thinking about just how loyal we all are to different aspects of crypto. Whether its DLT technology in general, a particular protocol, currencies, or smart contracts, there is a healthy amount of “Crypto Fealty” in our industry! It’s so important as this community is fighting an uphill battle in many ways. There are legacy systems, entrenched competitors, and plenty of technological struggles to keep us all challenged and hungry for many Dragon Boat Festivals to come. But we know blockchain unlocks so much potential prosperity not only because of investment and trading, but because of the previously impossible products and services that the entire world can enjoy.
As we eat our traditional “zhongzi” rice cakes this weekend, we can reflect on the progress already made this year. The term concept of “de-fi” or decentralized finance has taken crypto possibilities to an entirely new level. At ZB, we smile knowing we pioneered aspects such as crypto loans from a very early stage. The next time you need to take out a loan for a new dragon boat, know you don’t need to go to your brick and mortar bank!
The past year has also seen tremendous gains for stable coins. It wasn’t long ago that USDT was quite literally the only stable coin option for most people. Well, unless you were at ZB.com where we have long offered USDT pairs as well as our native QuickCash (QC) stable coin which is uniquely offered at 1:1 with China’s Yuan (CNY). We’ve also added more stable coin options such as PAX and TUSD for our users. You are free to choose!
When we attended the recent Consensus 2019 in New York City, we were right away pleasantly surprised to see more signs of development. Immediatley following the registration desk was something we’d never seen before… a swag bag gift booth except these welcome gifts were not physically handed to you. Instead the entire swag bag was made up of digital items (ERC-721 tokens) to be deposited into your crypto wallet. There were a variety of collectible cards, rare tokens, and humorous surprises.
The above described developments are just the tip of the iceberg when it comes to the ever-changing crypto industry. While crypto markets continue to ebb and flow, leaving traders with plenty of volatility and debatable questions about where the bulls and bears are in the cycle, the trend for 2019 has undoubtedly been positive when it comes to the maturation of the industry.
About ZB Group
ZB Group was founded in 2012 with the goal of providing leadership to the blockchain development space and today manages a network that includes digital assets exchanges, wallets, capital ventures, research institutes, and media. The Group’s flagship platform is ZB.com, the industry leading digital asset exchange. The platform launched in early 2013 and boasts one of the world’s largest trading communities.
Charitable endeavors and industry leadership are led via ZB Labs, ZB Capital and the ZB Research Center which embody the core values of ZB Group.
